Manhattan Bridge Capital
Market Cap
US$59.5m
Last Updated
2019/08/17 00:09 UTC
Data Sources
Company Financials +
Executive Summary
Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States.
Snowflake
Fundamentals
Acceptable track record with mediocre balance sheet.
Risks
- Manhattan Bridge Capital is covered by less than 3 analysts.
Share Price & News
How has Manhattan Bridge Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.6%
NasdaqCM:LOAN
-3.3%
US Mortgage REITs
-1.0%
US Market
1 Year Return
-7.4%
NasdaqCM:LOAN
-9.8%
US Mortgage REITs
-0.4%
US Market
LOAN outperformed the Mortgage REITs industry which returned -10.1% over the past year.
LOAN underperformed the Market in United States of America which returned -1.7% over the past year.
Share holder returns
| LOAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -3.3% | -1.0% |
| 30 Day | -2.2% | -3.1% | -3.3% |
| 90 Day | -0.6% | -3.5% | 0.4% |
| 1 Year | -0.06%-7.4% | 0.4%-9.8% | 1.8%-0.4% |
| 3 Year | 28.5%4.8% | 32.3%-4.6% | 39.4%30.4% |
| 5 Year | 222.4%122.4% | 48.1%-15.1% | 54.2%37.1% |
Price Volatility Vs. Market
How volatile is Manhattan Bridge Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Here's What You Should Know About Manhattan Bridge Capital, Inc.'s (NASDAQ:LOAN) 7.9% Dividend Yield4 weeks ago | Simply Wall St
Introducing Manhattan Bridge Capital (NASDAQ:LOAN), The Stock That Zoomed 165% In The Last Five Years1 month ago | Simply Wall St
How Should Investors Feel About Manhattan Bridge Capital, Inc.'s (NASDAQ:LOAN) CEO Pay?Valuation
Is Manhattan Bridge Capital undervalued based on future cash flows and its price relative to the stock market?
15%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Manhattan Bridge Capital's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Manhattan Bridge Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Manhattan Bridge Capital is overvalued based on earnings compared to the US Mortgage REITs industry average.
Manhattan Bridge Capital is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Manhattan Bridge Capital is poor value based on expected growth next year.
Price Based on Value of Assets
Manhattan Bridge Capital is overvalued based on assets compared to the US Mortgage REITs industry average.
Next Steps
Future Growth
How is Manhattan Bridge Capital expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
3.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Unable to determine if Manhattan Bridge Capital is high growth as no revenue estimate data is available.
Manhattan Bridge Capital's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Unable to compare Manhattan Bridge Capital's revenue growth to the United States of America market average as no estimate data is available.
Manhattan Bridge Capital's earnings growth is positive but not above the United States of America market average.
Manhattan Bridge Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Manhattan Bridge Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Manhattan Bridge Capital performed over the past 5 years?
24.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Manhattan Bridge Capital has delivered over 20% year on year earnings growth in the past 5 years.
Manhattan Bridge Capital's 1-year earnings growth is less than its 5-year average (19.8% vs 24.1%)
Manhattan Bridge Capital's earnings growth has exceeded the US Mortgage REITs industry average in the past year (19.8% vs 5.2%).
Return on Equity
Manhattan Bridge Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Manhattan Bridge Capital used its assets more efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Manhattan Bridge Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Manhattan Bridge Capital's financial position?
Financial Position Analysis
Manhattan Bridge Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Manhattan Bridge Capital's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Manhattan Bridge Capital's level of debt (70.1%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (83.5% vs 70.1% today).
Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).
Unable to confirm if the interest payments on Manhattan Bridge Capital's debt are well covered by earnings due to lack of past financial data.
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 2.4x debt.
Next Steps
Dividend
What is Manhattan Bridge Capital's current dividend yield, its reliability and sustainability?
7.79%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Manhattan Bridge Capital before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Manhattan Bridge Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
Manhattan Bridge Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.9%).
Whilst dividend payments have been stable, Manhattan Bridge Capital has been paying a dividend for less than 10 years.
Dividend payments have increased, but Manhattan Bridge Capital only paid a dividend in the past 6 years.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (1x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Manhattan Bridge Capital's salary, the management and board of directors tenure and is there insider trading?
19.1yrs
Average board tenure
CEO
Assaf Ran (53yo)
30.6yrs
Tenure
US$392,150
Compensation
Mr. Assaf Ran founded Manhattan Bridge Capital, Inc. (formerly Dag Media Inc.) in 1989 and has been its Chairman, Chief Executive Officer and President since 1989. Mr. Ran has been the Chief Executive Offi ...
CEO Compensation Analysis
Assaf's remuneration is about average for companies of similar size in United States of America.
Assaf's compensation has been consistent with company performance over the past year, both up more than 20%.
Board Age and Tenure
19.1yrs
Average Tenure
52yo
Average Age
The average tenure for the Manhattan Bridge Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
More shares have been bought than sold by Manhattan Bridge Capital individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Founder Chairman of the Board |
| Shares | 5,000 |
| Max Price | US$6.00 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 5,100 |
| Max Price | US$6.54 |
| Entity | Individual |
| Role | Founder Chairman of the Board |
| Shares | 5,000 |
| Max Price | US$5.42 |
Ownership Breakdown
Management Team
Assaf Ran (53yo)
Founder
- Tenure: 30.6yrs
- Compensation: $392.15k
Vanessa Kao (41yo)
CFO, VP
- Tenure: 8.2yrs
- Compensation: $167.11k
Board Members
Assaf Ran (53yo)
Founder
- Tenure: 30.6yrs
- Compensation: $392.15k
Eran Goldshmit (52yo)
Director
- Tenure: 20.4yrs
- Compensation: $9.00k
Michael Jackson (54yo)
Director
- Tenure: 19.1yrs
- Compensation: $9.30k
Phil Michals (49yo)
Director
- Tenure: 0.2yrs
- Compensation: $1.50k
Lyron Bentovim (49yo)
Director
- Tenure: 10.7yrs
- Compensation: $9.00k
Company Information
Manhattan Bridge Capital, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Manhattan Bridge Capital, Inc.
- Ticker: LOAN
- Exchange: NasdaqCM
- Founded: 1989
- Industry: mortgage reits
- Sector: diversified financials
- Market Cap: US$59.493m
- Shares outstanding: 9.66m
- Website: Click here
Number of Employees
Location
- Manhattan Bridge Capital, Inc.
- 60 Cutter Mill Road
- Suite 205
- Great Neck
- New York
- 11021
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LOAN | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | May 1999 |
Biography
Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/17 00:09 |
| End of Day Share Price | 2019/08/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.